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Bank of Queensland is Australia's fastest growing retail bank, and has come a long way from its origins as a regional Queensland bank. BOQ today boasts a wide array of banking services and 200 branches around Australia. Bank of Queensland aims to give you greater control over the management of your finances and offers everyday banking products including credit cards, home loans, term deposits, savings accounts and bank accounts.
Last updated 22 October 2024
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Bank of Queensland business loans
Business Overdraft
Interest rate
Upfront fee
Funding speed
-
Application fee of 0.75% of the loan amount, with a minimum of $750
Varies
Link not supplied
Details Close
Interest rate
Upfront fee
Application fee of 0.75% of the loan amount, with a minimum of $750
Ongoing fees
0.30% of approved overdraft limit quarterly, minimum $70
Late payment fee
$10.00
Transaction fee
not disclosed
Early repayment penalty
not disclosed
Other fees
Loan type
Overdraft
Security type
Residential Property Secured
Minimum loan amount
$10,000
Maximum loan amount
Minimum loan term
Maximum loan term
Repayment frequency
n/a
Repayment types
n/a
Minimum trading period
Varies
Minimum annual turnover
Varies
Application speed
Varies
Approval speed
Varies
Funding speed
Varies
Extra repayments allowed
n/a
Redraw allowed
n/a
Other benefits
Legal and valuation fee waiver of up to $5,000 available for new borrowing loans of $750,000 - $5,000,000 that are received by 31 December 2024 and settled by 28 February 2025. T&Cs apply.
Other restrictions
Need to link with business bank account from this provider
Business Term Loan
Interest rate
Upfront fee
Funding speed
-
Application fee of 0.75% of the loan amount, with a minimum of $750
Varies
Link not supplied
Details Close
Interest rate
Upfront fee
Application fee of 0.75% of the loan amount, with a minimum of $750
Ongoing fees
$25 monthly
Late payment fee
$10.00
Transaction fee
not disclosed
Early repayment penalty
break cost admin fee $50
Other fees
Loan type
Loan
Security type
Residential Property Secured
Minimum loan amount
$10,000
Maximum loan amount
Minimum loan term
1 months
Maximum loan term
30 months
Repayment frequency
weekly, fortnightly, monthly
Repayment types
interest only, principal and interest
Minimum trading period
Varies
Minimum annual turnover
Varies
Application speed
Varies
Approval speed
Varies
Funding speed
Varies
Extra repayments allowed
yes (variable only)
Redraw allowed
yes - limited for fixed rates (up to $10,000 every 12 months)
Other benefits
Legal and valuation fee waiver of up to $5,000 available for new borrowing loans of $750,000 - $5,000,000 that are received by 31 December 2024 and settled by 28 February 2025. T&Cs apply.
Other restrictions
Loan-to-Value Ratio up to 90% available.
Discounted Business Term Loan
Interest rate
Upfront fee
Funding speed
-
Application fee of 0.75% of the loan amount, with a minimum of $750
Varies
Link not supplied
Details Close
Interest rate
Upfront fee
Application fee of 0.75% of the loan amount, with a minimum of $750
Ongoing fees
$25 monthly
Late payment fee
$10.00
Transaction fee
not disclosed
Early repayment penalty
break cost admin fee $50
Other fees
Loan type
Loan
Security type
Residential Property Secured
Minimum loan amount
$200,000
Maximum loan amount
Minimum loan term
1 months
Maximum loan term
30 months
Repayment frequency
weekly, fortnightly, monthly
Repayment types
interest only, principal and interest
Minimum trading period
Varies
Minimum annual turnover
Varies
Application speed
Varies
Approval speed
Varies
Funding speed
Varies
Extra repayments allowed
yes (variable only)
Redraw allowed
yes - limited for fixed rates (up to $10,000 every 12 months)
Other benefits
Legal and valuation fee waiver of up to $5,000 available for new borrowing loans of $750,000 - $5,000,000 that are received by 31 December 2024 and settled by 28 February 2025. T&Cs apply.
Other restrictions
A margin of 0.20% will apply to lending with a Loan-to-Value Ratio of >80% for residentially secured loans.
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Join the 35K+ subscribers who receive our weekly Moneyzone newsletter, showcasing the latest rate movements, exclusive deals, money-saving hacks, and expert insights from Mozo.
Mozo provides general product information. We don't consider your personal objectives, financial situation or needs and we aren't recommending any specific product to you. You should make your own decision after reading the PDS or offer documentation, or seeking independent advice.
While we pride ourselves on covering a wide range of products, we don't cover every product in the market. If you decide to apply for a product through our website, you will be dealing directly with the provider of that product and not with Mozo.
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Important information on terms, conditions and sub-limits
Terms, conditions, exclusions, limits and sub-limits may apply to any of the insurance products shown on the Mozo website. These terms, conditions, exclusions, limits and sub-limits could affect the level of benefits and cover available under any of the insurance products shown on the Mozo website. Please refer to the relevant Product Disclosure Statement and the Target Market Determination on the provider's website for further information before making any decisions about an insurance product.
